Mentha oil down 0.5% on profit-booking
Adequate stocks position influenced the oil prices
 "Mentha oil down 0.5% on profit-booking")
Mentha oil prices edged lower by 0.58% to Rs 820.60 per kg in futures trade today as speculators indulged in profit-booking amid subdued spot demand.
Besides, adequate stocks position following increased arrivals from Chandousi in Uttar Pradesh, influenced mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in June eased by Rs 4.80, or 0.58%, to Rs 820.60 per kg, with a business volume of 227 lots.
The fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators and weak trend at spot markets on subdued demand, traders said.
Besides, adequate stocks position following increased arrivals from Chandousi in Uttar Pradesh, influenced mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in June eased by Rs 4.80, or 0.58%, to Rs 820.60 per kg, with a business volume of 227 lots.
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Similarly, mentha oil prices for May delivery drifted by Rs 4.30, or 0.52%, to Rs 810 per kg, with a business turnover of 156 lots.
The fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators and weak trend at spot markets on subdued demand, traders said.